I've been meaning to get involved in real estate investing for some time now, but just never pulled the trigger.

Great job having given this option some consideration! 

I know that for the good of the community, AP law does have in it that the law must take into consideration of leaving an empty eye sore in the community for so long and what it can do to a community in a negative way.

There are differing legal opinions as to whether the deed transfer triggers a “Due on Sale” clause which could void the mortgage, but in practice I have never seen this happen.I've also had people tell me: "As long as you do not transfer beneficial interest in the property, the due on sale clause does not get triggered.

We didn't have a formula but took it into consideration. 

Welcome aboard Dan Hatch   I haven't pulled the trigger yet but I to feel that multi families are the way to go.

(c) Prohibited transaction (1) General rule For purposes of this section, the term “prohibited transaction” means any direct or indirect—(A)sale or exchange, or leasing, of any property between a plan and a disqualified person;(B)lending of money or other extension of credit between a plan and a disqualified person;(C)furnishing of goods, services, or facilities between a plan and a disqualified person;(D)transfer to, or use by or for the benefit of, a disqualified person of the income or assets of a plan;(E)act by a disqualified person who is a fiduciary whereby he deals with the income or assets of a plan in his own interests or for his own account; or(F)receipt of any consideration for his own personal account by any disqualified person who is a fiduciary from any party dealing with the plan in connection with a transaction involving the income or assets of the plan.

Might make you rich ;)I majored in Econ w/ a minor in Business, and after pulling the trigger on my first property in 2012, built a $mil portfolio by 30 yrs old in less than 2 years basically from NOTHING.

When acting as a principal, I sometimes use the TREC form (with considerable revisions noted in an Exhibit to the contract) and other times I use an attorney drafted contract form, depending on the specific situation.

You gotta pull the trigger.